IRS to Eliminate Discounts in Family Business Valuations?

June 12th, 2013

For years, President Obama has had a proposal to restrict or eliminate valuation discounts for transfers of interests in family-owned businesses included in his budget proposal since his election. However, in its most recent budget, this proposal was missing. Unfortunately, this does not necessarily mean that the topic has been forgotten or ignored. Instead, the move is now in Treasury’s hands. The IRS has always maintained the position that it has the authority to restrict or eliminate valuation discounts through regulation. Rumor has it that the IRS will be issuing regulations to Code Section 2704(b)(4) which will eliminate the allowance of discounts for lack of control and marketability in transfers of interests in family-owned businesses. If this is true, gift and estate tax planning should be done sooner rather than later in order to not miss the window of opportunity that still exists.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-330-VALU or visit our website.

Linda Trugman Elected to International Secretary/Treasurer of ASA

June 12th, 2013

Trugman Valuation Associates, Inc. congratulates Linda Trugman on her election as Internation Secretary/Treasurer of the American Society of Appraisers. Elected by her peers, this is the first step in the Executive Committee ladder of ASA and will involve her active participation on the organization’s Board of Governors. Linda’s term begins on July 1, 2013.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-330-VALU or visit our website.

William Harris Becomes an Accredited Senior Appraiser

April 17th, 2013

Trugman Valuation Associates, Inc. congratulates William Harris on becoming an Accredited Senior Appraiser as designated by the American Society of Appraisers. Mr. Harris has completed the Society’s appraisal designation program, which is one of the industry’s most vigorous and difficult designations to achieve. His accomplishment has earned him the right to bear the “ASA” credentials as a mark of his success. Will  joins a select few of less than 5,000 fellow experts around the world who have earned this prestigious and notable achievement.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-330-VALU or visit our website.

Using Part-Time Practitioners?

April 17th, 2013

Do you want to use part-time practitioners who are slow and looking for something to do, or do you want to utilize the services of those of us who practice in the business valuation and litigation support service areas on a full-time basis? A recent article in AccountingWEB speaks about this trend. Click here to read more.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-330-VALU or visit our website.

Winter and Spring 2013 Newsletters Posted

April 17th, 2013

Trugman Valuation Associates is pleased to announce that its most recent newsletters have been posted here. If you do not already subscribe to this newsletter and would like to, click here.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-330-VALU or visit our website.

Wandry appeal dropped

October 29th, 2012
On March 26, 2012, the Tax Court issued what has been heralded as a ground breaking decision in Wandry v. Commissioner, T.C. Memo 2012-88. The Court upheld a stated dollar value defined value clause of gifts of LLC interests, in which no charity was involved in the formula allocation. A Notice of Appeal to the 10th Circuit was filed on August 28.

Pursuant to Stipulations to Dismiss dated October 16, the parties stipulated that the case be dismissed with prejudice, that each party bear its own appellate costs, and that an order of dismissal be entered by the Clerk of the Court.  The Order dismissing the appeal was filed on October 17.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-330-VALU or visit our website.

Fall 2012 Edition of Valuation Trends Has Been Posted

September 25th, 2012

Trugman Valuation Associates is pleased to announce that its most recent newsletter has been posted here. If you do not already subscribe to this newsletter and would like to, click here.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-330-VALU or visit our website.

Wandry Case to be Appealed

September 7th, 2012

You may recall the Wandry decision from earlier this year (Joanne M. Wandry, et al. v Commissioner, TCM 2012-88 – see our write up here. Well, the IRS filed an appeal with the 10th Circuit Court of Appeal on August 28. We will update you as more information becomes available.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-424-4343 or visit our website.

4th Edition of Understanding Business Valuation Now Available!

August 23rd, 2012

Trugman Valuation Associates is proud to announce that the 4th Edition of Gary Trugman’s Understanding Business Valuation has been published by the AICPA. This edition is full of updated and new information and can be purchased from the AICPA by clicking here.

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation and litigation support firm with experience in a wide variety of assignments including closely-held businesses, professional practices. Trugman Valuation Associates, Inc. is located in Plantation, Florida and Parsippany, New Jersey. For more information, please call 800-424-4343 or visit our website.

William Harris Earns Respected Designations

April 12th, 2012

Congratulations to William Harris, one of our financial analysts. Several months ago, he earned his Accredited Member designation in Business Valuation from the American Society of Appraisers. This required him to take four business valuation courses and pass four three hours exams. He also was required to pass both an ethics and standards exam, and have one report peer-reviewed and accepted.

He just informed us that he has been granted the Certified Financial Analyst credential from the CFA Institute. To earn this designation, Will had to pass three six-hour intensive exams in real-world investment analysis, portfolio management skills, and practical knowledge needed to succeed in today’s investment industry and have four years of experience in a related field.

Both of these credentials are difficult to earn and we congratulate him on his achievements.

 

Trugman Valuation Associates’ business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.

Trugman Valuation Associates, Inc. is a business valuation firm with experience in a wide variety of assignments including closely-held businesses, professional practices    Trugman Valuation Associates, Inc. is located in Plantation, Florida with offices in New Jersey.  For more information, please call 954-424-4343 or visit our website.